New homes in Coral Reef start at AED 1,700,000; keys are due Mar 2028; you pay 20% to book, 50% while it is built and 30% at the keys.
In the 12 months to Nov 9, 2026, Dubai Land Department recorded 1,019 off-plan sales of 1-bed apartments of 621 sq ft to 931 sq ft in Dubai Maritime City. Their median price is AED 3,174 per sq ft (about AED 2,463,000 at 776 sq ft). This project's from price is AED 2,191 per sq ft (AED 1,700,000 for its smallest home, 776 sq ft), 31% less.
Keys
Mar 2028
The developer's handover date
Payment plan
20 / 50 / 30
20% to book, 50% while it is built, 30% at the keys
Bedrooms
1 to 3 beds
Sizes
776 to 1,815 sq ft
Property types
Apartment
Registration fee
4% of the price
Paid to the Dubai Land Department
As of Nov 1, 2026. These details can change; confirm them with the developer before you book.
Dubai Land Department register
From price per sq ft
AED 2,191 per sq ft
Similar off-plan homes: AED 3,174 per sq ft
RERA project
2729
Check it in Dubai REST, the Dubai Land Department's official app.
Built
33%
Being built. DLD register, Nov 11, 2026
Escrow account
بنك دبي الاسلامي (شركة مساهمة عامة)
The bank that holds your payments
Registered homes
280
In 1 buildings
Dubai Land Department project register, as of Nov 11, 2026.
Paying for it
You pay 20% when you book, 50% as the building goes up, and 30% when you get the keys.
AED
When
Stage
Share
Amount
Paid by then
NowBooking · 20%
Booking
20%
AED 340,000+ AED 68,000 DLD fee
AED 408,000
Feb 2027While it is built · 10%
While it is built
10%
AED 170,000
AED 578,000
Apr 2027While it is built · 10%
While it is built
10%
AED 170,000
AED 748,000
Jul 2027While it is built · 10%
While it is built
10%
AED 170,000
AED 918,000
Oct 2027While it is built · 10%
While it is built
10%
AED 170,000
AED 1,088,000
Dec 2027While it is built · 10%
While it is built
10%
AED 170,000
AED 1,258,000
Mar 2028Keys · 30%
Keys
30%
AED 510,000
AED 1,768,000
Booking payment, 20%
AED 340,000
Dubai Land Department fee (Oqood), 4%
AED 68,000
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 408,000
Total costPrice plus the DLD fee
AED 1,768,000
The dates are our estimate: we spread the construction share evenly between now and the keys. The developer's real dates follow the building work, so they can move.
Your payments go into the project's escrow account, which RERA watches, not straight to the developer.
A mortgage at the keys
Before you buy
Pay into the project's escrow account only.
This project's escrow account is at the bank named on the register above, watched by RERA. Pay into that account, never to a person.
Budget for the service charge.
Once the building is finished you pay a yearly service charge per sq ft, set from the building's budget and approved by RERA. Ask DAMAC Properties for the estimate.
Register the sale with Oqood.
The Land Department records off-plan sales in its Oqood register. Until your sale is on it, the home isn't in your name.
Is the price fair?
Dubai Land Department recorded 1,019 off-plan sales of 1-bed apartments of 621 sq ft to 931 sq ft in Dubai Maritime City, from Nov 10, 2025 to Nov 9, 2026. Here is what they sold for, and where this project's from price sits.
Too few similar homes in CORAL REEF sold in 24 months, so we compare with off-plan sales across Dubai Maritime City.
Dubai Land Department recorded 1,019 off-plan sales of 1-bed apartments of 621 sq ft to 931 sq ft in Dubai Maritime City, from Nov 10, 2025 to Nov 9, 2026. Here is what they sold for, and where this project's from price sits.
Median price AED 3,174 per sq ft
AED 1,651 to AED 2,067 per sq ft
13 sales
AED 2,067 to AED 2,483 per sq ft
52 sales
This project's from price is in this band.
AED 2,483 to AED 2,899 per sq ft
235 sales
AED 2,899 to AED 3,314 per sq ft
358 sales
AED 3,314 to AED 3,730 per sq ft
274 sales
AED 3,730 to AED 4,146 per sq ft
81 sales
AED 4,146 to AED 4,562 per sq ft
4 sales
AED 4,562 to AED 4,978 per sq ft
2 sales
AED 1,651 per sq ftAED 4,978 per sq ft
This project AED 2,191 per sq ft
Half of the sales sold for AED 2,844 to AED 3,478 per sq ft
The median is the middle sale: half sold for less, half for more.
Show as tableShow as chart
Price per sq ft
Sales
AED 1,651 to AED 2,067 per sq ft
13
AED 2,067 to AED 2,483 per sq ft
52
AED 2,483 to AED 2,899 per sq ft
235
AED 2,899 to AED 3,314 per sq ft
358
AED 3,314 to AED 3,730 per sq ft
274
AED 3,730 to AED 4,146 per sq ft
81
AED 4,146 to AED 4,562 per sq ft
4
AED 4,562 to AED 4,978 per sq ft
2
The 3 closest sales
Picked from the 1,019 similar sales above, closest in size to this project's smallest home.
Feb 2026AED 2,488,050AED 3,206 per sq ftCHELSEA RESIDENCES BY DAMAC TOWER-B, 776 sq ft
Nov 2025AED 2,284,000AED 2,943 per sq ftCHELSEA RESIDENCES BY DAMAC TOWER-B, 776 sq ft
Nov 2025AED 2,374,560AED 3,060 per sq ftCHELSEA RESIDENCES BY DAMAC TOWER-B, 776 sq ft
Off-plan sales only, of the same home type, bedrooms and size band.
What similar homes sold for
The median price of off-plan homes with the same number of bedrooms that sold in Dubai Maritime City in the 12 months to Sep 30, 2026. The smallest type is checked at the from price.
Type
Off-plan median
Sales
Against similar sales
1-bed apartmentFrom AED 1,700,000 here
Off-plan medianAED 2,411,000AED 3,044 per sq ft
Sales1,736
31% below 1,019 similar sales
2-bed apartment
Off-plan medianAED 4,058,000AED 2,891 per sq ft
Sales797
3-bed apartment
Off-plan medianAED 6,019,000AED 3,139 per sq ft
Sales188
Sales from Oct 1, 2025 to Sep 30, 2026. A median needs at least 30 sales.
Rent and yield
Gross yield at the from priceRent ÷ price
4.4%
Median rent of 1-bed apartments in Dubai Maritime City
AED 74,999 a year
Rent contracts counted
186
Rented between
Apr 1, 2025 and Mar 31, 2026
1-bed apartment
AED 74,999 a year
2-bed apartment
AED 106,999 a year
3-bed apartment
AED 143,999 a year
There is no DLD service charge for this project or its area, so we leave out the service charge and the net yield.
Gross yield is a year's rent before costs, as a share of the price. At the from price: AED 74,999 ÷ AED 1,700,000 = 4.4%. The home earns nothing until the keys, and new buildings often rent for more than older ones.
Rents come from Ejari, Dubai's register of rent contracts: new residential contracts in the area, all buildings. A median is the middle one: half are lower, half higher.
On your doorstep
Al Ghubaiba Metro Station2.6 km, 8 min driveMetro station
Nikki Beach2.6 km, 10 min driveBeach
New academy school3 km, 7 min driveSchool
GEMS Winchester School6.5 km, 12 min driveBritish school
Jumeirah Baccalaureate School5.7 km, 10 min driveIB school
The Indian High School6.2 km, 12 min driveIndian school
City Centre Al Shindagha2.5 km, 5 min driveMall
International Modern Hospital3.1 km, 6 min driveHospital
Dubai World Trade Centre5.7 km, 10 min driveOffices
Coral Reef is a 36-storey DAMAC Properties tower in Dubai Maritime City with 1- to 3-bedroom apartments from AED 1,700,000 and a listed handover of March 2028. Its from price is about 31% below 1,019 similar one-bedroom sales in Dubai Maritime City (12 months to November 2026).
The from price is about 31% below 1,019 similar one-bedroom sales in Dubai Maritime City (12 months to November 2026). The check compares price per square foot, not total price. Ask exactly which unit, floor and view the from price covers before you compare.
The plan is 20% on booking, 50% during construction and 30% at handover. At the from price you pay AED 340,000 to book, AED 850,000 during the build and AED 510,000 at handover. The listed handover is March 2028, about 16 months from now. Separately, the 4% DLD fee comes to AED 68,000; ask when it is due.
The tower has 36 floors, and DAMAC is working with French artist Vincent Faudemer on the design, with interiors themed on coral reefs. Homes have balconies. Sizes run from 776 to 1,815 sq ft. The listing gives one bedroom at about 776 sq ft, two at about 1,197 sq ft and three at about 1,770 sq ft.
Al Ghubaiba Metro Station is about 2.6 km away, an 8-minute drive, and Nikki Beach about 2.6 km. New Academy School is about 3.0 km away. La Mer seafront is about 9 minutes by car and Dubai World Trade Centre about 10. The listing does not state the ownership type, so confirm the ownership terms with the developer before you book.
The developer's plans. Sizes and layouts can change; ask the developer for the plan of the exact unit you're looking at.
Type 1
Type 2
Type 3
How prices moved
Median price of 1-bed apartments in Dubai Maritime City, over the 12 months to each dateUp 28% from Dec 2024 to Sep 2026.
Dec 2024AED 2,384 per sq ft
Sep 2026AED 3,044 per sq ft
Show as tableShow as chart
12 months to
Median price
Sales
Sep 2026
AED 3,044 per sq ft
1,736 sales
Jun 2026
AED 3,050 per sq ft
2,609 sales
Mar 2026
AED 3,035 per sq ft
2,794 sales
Dec 2025
AED 2,981 per sq ft
2,884 sales
Sep 2025
AED 2,888 per sq ft
2,386 sales
Jun 2025
AED 2,545 per sq ft
1,824 sales
Mar 2025
AED 2,435 per sq ft
1,777 sales
Dec 2024
AED 2,384 per sq ft
2,092 sales
Off-plan sales only.
Questions about this project
How does the price compare with similar sales?
The from price is about 31% below 1,019 similar one-bedroom sales in Dubai Maritime City (12 months to November 2026). Ask what the from price buys before comparing.
How are the payments split?
20% on booking (AED 340,000 at the from price), 50% during construction (AED 850,000) and 30% at handover (AED 510,000). Separately, the 4% DLD fee comes to AED 68,000; ask when it is due.
How big are the apartments?
From 776 to 1,815 sq ft overall. The listing gives one bedroom at about 776 sq ft, two at about 1,197 sq ft and three at about 1,770 sq ft.
Who is behind the design?
DAMAC Properties is the developer, working with French artist Vincent Faudemer on a coral reef theme.
When is handover?
The listed handover is March 2028. Ask for a construction update before you book.
Can foreigners buy here?
The listing does not state the ownership type. Confirm the ownership terms with the developer.
